Polygon price is on a mission to find higher support ahead of the next bullish move to $1.60 and $2.00, respectively. The Ethereum layer 2 […] Go to Source
Monthly archives: February 2023
Whale sells 1,010 NFTs in 48 hours in ‘largest NFT dump ever’
According to data from Nansen, nonfungible token (NFT) whale Jeffrey Hwang — known colloquially as Machi Big Brother — dumped 1,010 tokens for a total of 11,680 Ether (ETH) or $18.6 million in the space of 48 hours. In a Feb. 25 Twitter thread, Nansen’s Simian Psychometric Enhancement Technician Andrew Thurman highlighted the trading activity …
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Huobi and KuCoin serve customers of sanctioned Russian banks: Politco
Binance and ByBit may also have insufficient compliance policies. 1 min read Updated: February 25, 2023 at 1:18 am Cover art/illustration via CryptoSlate Ad Crypto exchanges Huobi and KuCoin continue to provide services to users of sanctioned Russian banks, according to a report from Politico on Feb. 24. The news publication cited a report from …
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Oasis recovered $140m of stolen Wormhole funds with help of whitehat hackers
Oasis exploited a vulnerability in its own admin multisig to regain those funds. 1 min read Updated: February 25, 2023 at 12:18 am Cover art/illustration via CryptoSlate Ad Oasis Network worked with a whitehat hacking group to retrieve funds stolen from Wormhole, according to a post from the former project on Feb. 24. On Feb. …
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IMF Board Offers Guidance for Developing Effective Crypto Policies
The executive board of the International Monetary Fund (IMF) has provided guidance for member countries to develop effective crypto policies. The board stressed the need to develop comprehensive crypto regulations to “better mitigate the risks posed by crypto assets while also harnessing the potential benefits of the technological innovation.” IMF Executive Board Provides Guidance on …
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US Regulators and Federal Reserve Issue Joint Warning About Crypto Liquidity Risks
U.S. regulators and the Federal Reserve have issued a joint warning about key liquidity risks associated with crypto assets. However, the regulators clarified that banks “are neither prohibited nor discouraged from providing banking services to customers of any specific class or type, as permitted by law or regulation.” US Regulators Issue Joint Statement on Crypto …
Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships
On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the stablecoin’s denominated reserves to minority-owned depository institutions (MDIs) and community banks across the United …
Get Your Foot in the Door of the Metaverse with This Promising New Crypto – RobotEra
RobotEra is here to disrupt the GameFi industry with its metaverse gaming platform powered by TARO. Building on the foundations of play-to-earn, RobotEra will allow […] Go to Source
Masters Supports Stablecoin Transactions with Its partnership with Immersive
Mastercard has announced a partnership with a web3 technology company Immersive, to offer an all-new crypto-enabled method of payment for physical, digital, and metaverse purchases. […] Go to Source
Binance.US Launches Full Support for Shiba Inu (SHIB) – Is Bone ShibaSwap (BONE) Next?
Binance.US just ditched a coin that’s designed to be mathematically pegged to Shiba Inu, deciding instead to launch full support for the native crypto asset SHIB. The US-based crypto exchange initially supported Kilo Shiba Inu (KSHIB), which is equivalent to 1,000 Shiba Inu (SHIB) tokens and designed to make it easier to buy SHIB with …
Mastercard has announced a partnership with a web3 technology company Immersive, to offer an all-new crypto-enabled method of payment for physical, digital and metaverse purchases. Mastercard Supports Stablecoin Transactions In Collaboration With Immersive Immersive, the web3 company behind this partnership, has said that this new payment solution will enable users to make digital currency payments directly from their crypto wallets. And can be used to pay for all goods and services at merchants that support Mastercard. This new solution is exclusive and launched for consumers in New Zealand and Australia. There is no third party required by the system that holds funds as collateral, which means users will have complete control over their cryptocurrencies. The ownership of assets will completely be in the hands of a customer until they make a purchase. And USD Coin will be used for all purchases through Mastercard. USD Coin is a cryptocurrency stablecoin from Circle, a technology company in the US, and is pegged 1:1 to the US dollar. Every time a payment is made, the stablecoin will be converted to fiat, and the transaction will be settled on Mastercard’s network. Immersive has revealed that the company will rely on Mastercard’s identity services and CipherTrace solution to address Know Your Customer (KYC) and Anti-Money Laundering (AML). In addition to this, the company will also lean on online fraud detection and blockchain analytics to secure the transaction process. Sandeep Malhotra, Vice President of Products & Innovation at Mastercard further commented about this collaboration saying, “As Web2 and Web3 increasingly converge, Mastercard remains committed to partnering with like-minded organizations like Immersve to scale and secure the blockchain ecosystem to make simple, safe cryptocurrency transactions, and even payments in the metaverse, easily accessible to billions of consumers.” Jerome Faury, CEO at Immersive, too, commented on the partnership saying “Collaborating with a well-known and trusted brand like Mastercard is a big step towards mainstream adoption of web3 wallets,” “We love the fact that our platform supports both centralized crypto payments and decentralized experiences, to enable individuals to become the master of their money. Immersive is literally building bridges that make it possible for individuals to transact directly from their crypto wallet, anywhere Mastercard is accepted online. We want to bring the best of web3’s technology and values to everyday payment experiences. But we also want to provide traditional guardrails, like the Mastercard network’s consumer protections, to crypto natives transacting online.” he further added. Mastercard Expands Services To Cryptocurrency Issuers This isn’t the first time Mastercard has offered a cryptocurrency-related solution. The company has been constantly trying to ensure that cryptocurrency services reach as many people as possible. Mastercard conducted a study in 2022, that showed 49% of Brazilian consumers have made at least one cryptocurrency transaction in their life in the past 12 months, while the global share for the same category stands at 41%, significantly lower than that of Brazil. The payments company collaborated with Binance, a popular cryptocurrency exchange, to launch a card that will enable Brazilians to make payments with 13 cryptocurrencies, including Bitcoin and Binance USD. Binance said that it will offer cashback of up to 8% on purchases made with the card, and won’t charge any fee for ATM withdrawals. However, the company will charge a fee of 0.9% for every transaction made with the card. Mastercard has also collaborated with banks and fintechs to support buying, holding and selling crypto assets. The company has also helped banks offer cross-border crypto-related services, in addition to digital receipt and loyalty solutions to financial institutions. Jorn Lambert, Mastercard’s digital director comments on the importance of convenient crypto solutions in a CNBC interview saying, “There are many consumers who are really interested and intrigued by cryptocurrency, but who would feel much more confident if these services were offered by their financial institutions “It’s still a little scary for some people.” Digital Asset Adoption Demands Cryptocurrency Support From Traditional Payments Providers. Mastercard has been continuously making efforts to bring cryptocurrencies onto its platform, but it has been clear that the company doesn’t want to promote cryptocurrencies but provide users with alternatives for payments. An official newsroom release from the company read, “Our philosophy on cryptocurrencies is straightforward: It’s about choice. Mastercard isn’t here to recommend you start using cryptocurrencies. But we are here to enable customers, merchants and businesses to move digital value – traditional or crypto – however they want. It should be your choice, it’s your money.” Mastercard has partnered with Paxos, Circle, Evolve and a bunch of other leading cryptocurrency companies to find ways of converting cryptocurrencies into fiat for payments. This will create an infrastructure for cryptocurrencies in the traditional ecosystem that can support future cryptocurrency partnerships. The company also plans to diversify the method of payments for users onto its platform, while ensuring customer protection and maintaining regulatory compliance. Mastercard already offers a range of services such as digital identification, cybersecurity, consulting and open banking services to thousands of financial institutions. It intends to use these resources to provide better support to cryptocurrency companies. To expand the company’s consulting activity, Mastercard purchased CipherTrace, a company that tracks fraudulent behavior in crypto transactions and opens them up for investigation. This will help the company to make crypto-related transactions on the network more secure for consumers, in addition to helping it comply with regulators.
Mastercard has announced a partnership with a web3 technology company Immersive, to offer an all-new crypto-enabled method of payment for physical, digital, and metaverse purchases. […] Go to Source
Litecoin (LTC) Price Prediction for Today, February 24: Will the LTC Price Reach $1000 in 2023?
While the cryptocurrency marketplace continues to deal with the impact of the SEC launching legal action against Paxos as well as its BUSD stablecoin, the […] Go to Source
Jump Crypto & Oasis.app counter exploits Wormhole hacker for $225M
Web3 infrastructure firm Jump Crypto and decentralized finance (DeFi) platform Oasis.app have conducted a “counter exploit” on the Wormhole protocol hacker, with the duo managing to claw back $225 million worth of digital assets and transfer them to a safe wallet. The Wormhole attack occurred in February 2022 and saw roughly $321 million worth of …
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Decentralized Music Project Altcoin Jumps by More Than 20% Amid New TikTok Integration
Decentralized music streaming service Audius (AUDIO) rolled out support for the popular video-sharing app TikTok, sparking a rally for the platform’s native crypto asset. According to Audius, new users of its platform can now sign up using their TikTok profile, with the ability to import their handle and verification status to Audius after linking their …
Two Ethereum Rivals Soar 93% and 45% in Just One Week, Far Outpacing Bitcoin and Crypto Markets
Two Ethereum (ETH) rivals are skyrocketing this week, far outpacing both Bitcoin (BTC) and the crypto markets in general. Filecoin (FIL) and Conflux (CFX) have risen 93% and 45% respectively during the last seven days, continuing the defy crypto market trends. Last week, the development team behind Conflux, China’s sole regulatory-compliant blockchain, announced a partnership …